Media Centre

31 August - Free equity clearing from LCH.Clearnet
LCH.Clearnet Ltd (LCH.Clearnet) is set to introduce free equity clearing for average daily member volumes of over 150,000 trades a day.

19 August - Michael Davie appointed CEO of SwapClear
In order to strengthen its global OTC derivative client clearing offering, LCH.Clearnet Ltd (LCH.Clearnet) has appointed Michael Davie CEO of SwapClear, its market leading interest rate swap (IRS) clearing service.

05 August - Nodal Exchange and LCH.Clearnet Ltd continue expansion with ERCOT contracts
Nodal Exchange, LLC and LCH.Clearnet Ltd (LCH.Clearnet) have expanded their trading and clearing offering into a new geography with the launch of contracts settling on the Electric Reliability Council of Texas (ERCOT). Available for trading from today, the monthly term contracts are based upon real-time prices across 4 new locations: North, South, West and Houston zones, for both peak and off-peak time periods.

03 August - LCH.Clearnet to clear Spanish government bonds and repos
LCH.Clearnet Group, the largest clearer of bonds and repos in Europe, will launch clearing for Spanish government bonds and repos. The first service will be launched on 9 August 2010 in response to significant market demand from both domestic and international banks. It will be operated by LCH.Clearnet Limited's (LCH.Clearnet) RepoClear service with trades settling at either Euroclear Bank or Clearstream Banking Luxembourg. In parallel, LCH.Clearnet SA is seeking to develop a complementary offering with a local settlement service.

21 July - Roger Liddell to retire in 2011
Roger Liddell has informed the Board of his intention to retire from his role as chief executive of LCH.Clearnet Group Limited and its subsidiary company LCH.Clearnet Ltd in July 2011, after five years with the group.

21 July - LCH.Clearnet welcomes presidential signing of U.S. financial reform legislation
LCH.Clearnet Limited (LCH.Clearnet), the global leader in interest rate swap clearing, applauded today's signing of the Wall Street Reform and Consumer Protection Act. The global clearing house had urged for the bill's passage because of the new law's provisions designed to reduce risk and increase transparency in the OTC (over-the-counter) derivatives market through mandated clearing.

13 July - Record €35 trillion of European bond and repo trades cleared in Q2
The nominal value of European government bond and repo trades cleared by LCH.Clearnet group (LCH.Clearnet) reached an all-time record of €35 trillion in Q2 2010, an increase of 37% on the same period in 2009 as more market participants look to minimise their counterparty risk.

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